New Options for SUV Leasers

But First Snide's Remarks: I am not convinced that there is any value in any of the online lease layoff companies...a few years ago we had a minivan under lease for one of our employees who left for an overseas job...so we paid one of these sites to help us...we never recieved even one call not one...so unless thing have changed radically dont waste your money, effort or hopes on someone else taking on your burdensome lease...why would they? Let me know what you think - msnide@theautochannel.com

Washington DC August 7, 2007; The AIADA newsletter reported that for those leasing SUVs who are desperate to get rid of their gas guzzlers in favor of a more fuel-friendly ride, there is now an easier way out.

According to the Detroit News, companies are popping up across the country to help people trade out of their leases. Lease-swapping also has become more attractive, not only for SUV owners tired of paying $60 for a tank of gas but for those locked into three- or four-year leases that have become a burden.

Auto companies and lenders are still cool to the idea of lease-swapping, but they are beginning to respond to the growing number of lease holders who want out early. GM, for example, is running a promotion that lets people out of the last four months of their lease.

Other companies are offering leases as short as 24 or 27 months. Automakers "are learning from what's happening in the market," Edmunds' George Kang said. "They're realizing that people want shorter-term leases."